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Rupee rises 10 paise to 88.60 against US dollar

Mumbai, Nov 6 (PTI) The rupee appreciated 10 paise to 88.60 against the US dollar (provisional) on Thursday, supported by a weak American currency against major rivals overseas. Subdued sentiment in domestic equity markets and continued outflow of foreign capital prevented a sharp gain in the Indian currency, forex traders said. At the interbank foreign exchange, the rupee opened at 88.51 and touched the intraday high of 88.49 against the greenback. The unit also hit the intra-day low of 88.66 before ending the session at 88.60 (provisional) against the dollar, up 10 paise from its previous closing level. The domestic

Stock markets fall for 2nd day in volatile trade on foreign fund outflows

Mumbai, Nov 6 (PTI) Benchmark indices Sensex and Nifty closed lower in a highly volatile trade on Thursday amid relentless foreign fund outflows and selling in blue-chip ICICI Bank. Falling for the second day in a row, the 30-share BSE Sensex declined 148.14 points or 0.18 per cent to settle at 83,311.01. During the day, it hit a high of 83,846.35 and a low of 83,237.65. The 50-share NSE Nifty dipped by 87.95 points or 0.34 per cent to 25,509.70. Among Sensex firms, Power Grid, Eternal, Bharat Electronics, Bajaj Finance, ICICI Bank and NTPC were the major laggards. However, Asian

Stock markets bounce back in early trade amid rally in global peers, buying in blue-chips

Mumbai, November 6 (PTI): Benchmark indices Sensex and Nifty rebounded in early trade on Thursday, tracking a rally in global markets and buying in blue-chip stocks. The 30-share BSE Sensex climbed 376.89 points to 83,836.04 in early trade. The 50-share NSE Nifty went up by 81.5 points to 25,679.15. From the Sensex firms, Asian Paints jumped over 4.50 per cent. Mahindra & Mahindra, Reliance Industries, State Bank of India, Adani Ports, Trent and Larsen & Toubro were also among the gainers. However, Power Grid, Eternal, Bajaj Finance and HDFC Bank were among the laggards. In Asian markets, South Korea’s Kospi,

Rupee rises 8 paise to 88.62 against US dollar in early trade

Mumbai, Nov 6 (PTI) The rupee appreciated 8 paise to 88.62 against the US dollar in early trade on Thursday amid a weak American currency and lower level of crude oil prices overseas. Positive sentiment in domestic equity markets also supported the Indian currency even though selling pressure from foreign investors prevented a sharp gain, forex traders said. At the interbank foreign exchange, the rupee opened at 88.51 and went up to 88.49 before trading at 88.62 against the greenback in early deals, up 8 paise from its previous closing level. The domestic unit had settled with a gain of

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